The U.S. will mint its last penny in Philadelphia on Wednesday, according to a report from the Associated Press . And while the coin will still be legal tender, the humble penny is going to become increasingly hard to find.

President Donald Trump first declared in February that pennies should no longer be minted, describing them as wasteful since they cost more to produce than they’re worth.

“For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful!” Trump wrote on Truth Social . “I have instructed my Secretary of the US Treasury to stop producing new pennies. Let’s rip the waste out of our great nations budget, even if it’s a penny at a time.”

Trump was actually undercounting the cost of producing the penny. It was 2.7 cen

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